Net Profit of Kumari Bank Nears Rs 3 billion

Aug 03, 2022 01:03 PM Merolagani

Kumari Bank (KBL) has published its fourth quarter report of the last FY. As per the report, the net profit of the bank has increased during the period.

The bank earned a net profit of Rs 2.83 billion in the review period which is 43.87  percent  growth  compared to Rs 1.97 Billion of the corresponding period of the last FY.

Increase in net interest income and operating profit can be attributed to the increase in net profit.

During the period, the net interest income increased by 25.67 percent and net fee and commission income by 4.48 percent. Similarly,  its total operating income has increased by 45.81 percent and operating profit by 32.68 percent.

The bank has distributable profit of Rs 1.77 billion.

The bank’s paid-up capital increased by 6 and reserve fund by 29.14 percent during the period. In the review period, the bank increased deposit collection by 21.21 percent and loans by 11.22 percent.

The bank has logged EPS of Rs 11.27, P/E ratio of 9.92 times and net worth per share of Rs 144.01.

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